Eureka! Foundation - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04563172 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Eureka! Foundation

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P Cox

G R Deats

SECRETARY:

Mrs M J Le Breuilly

REGISTERED OFFICE:

Fairway

Parkham Lane

Brixham

Devon

TQ5 9JR

REGISTERED NUMBER:

04563172 (England and Wales)

ACCOUNTANTS:

Villars Hayward LLP

Chartered Accountants,

Chartered Tax Advisers and Registered Auditors

Boston House

Henley-on-Thames

RG9 1DY

CURRENT ASSETS

Debtors

5

353

353

Cash at bank

5,195

3,956

5,548

4,309

CREDITORS

Amounts falling due within one year

6

19,595

19,595

NET CURRENT LIABILITIES

(14,047

)

(15,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,047

)

(15,286

)

RESERVES

Retained earnings

(14,047

)

(15,286

)

(14,047

)

(15,286

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2023 and were signed on its behalf by:

P Cox - Director

G R Deats - Director

1.	STATUTORY INFORMATION

Eureka! Foundation is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Musical instuments

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Going concern

The financial statements have been prepared on the going concern basis. The adoption of this policy is due to the continuing support of one of the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Musical

Computer

instuments

equipment

Totals

£

£

£

COST

At 1 November 2021

and 31 October 2022

1,180

518

1,698

DEPRECIATION

At 1 November 2021

and 31 October 2022

1,180

518

1,698

NET BOOK VALUE

At 31 October 2022

-

-

-

At 31 October 2021

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Other debtors

353

353

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Other creditors

19,595

19,595

7.	RELATED PARTY DISCLOSURES

At the year end £18,725 (31.10.21 - £18,725) was owed by the company to one of the directors.

8.	SHARE CAPITAL AND DIRECTORS' INTEREST

The Company is Limited by Guarantee and does not therefore have a share capital.

The liability of each member of the company upon dissolution is limited to a maximum of £1 and the number of members is unlimited.

Directors' interest in the company at the beginning of the year or on appointment, and at the end of the year are as follows:

- all Directors are also members of the Company.